Incline Village Real Estate Market Update: September 21. 2020
As we enter the last third of September, the Incline Village real estate market continues to hum along nicely. Even smoky skies could not keep the buyers away as we saw 16 properties go into escrow last week. Throw in 19 new listings along with four price changes and 24 properties closing escrow to round things out. Super luxury buyers sat on the sidelines last week with the most expensive property going under contract just a smidgen under $3 million.
There is one new listing at low elevation that catches our eye. #96 Racquet Club sits in one of the best locations in the complex. This end unit is tucked away in a corner near a year-round creek. It’s also the largest floor plan in the complex at 1649 ft.².
This two-story remodeled townhouse style condo features three bedrooms, two full bathrooms and two separate living areas. Each level is on its own electric meter and heating system. Nicely updated, upstairs you will find an open beam Cathedral ceiling, pellet stove insert, granite counters and more! Offered at $569,000 Click Here to See a Virtual Tour
The inventory continues to hover at a very low level with under 80 houses, condos and freestanding condos listed for sale. The Incline Village real estate market is still experiencing very strong demand as we make our way into autumn. Buyers will need to remain nimble as the most desirable properties continue to get snapped up quickly.
It looks like the weather pattern might be changing this week and we could see clearer skies in the Lake Tahoe basin. However, the central and southern Sierra continue to be plagued by smoke from the Creek Fire. Unfortunately, that fire is situated in very rugged terrain and it’s going to be extremely difficult to get containment on the East side.
Weekly Real Estate Update
Statistics gathered from the Incline Village MLS on 9/20/2020
Houses Condos PUDs
For Sale 60 17 10
Under $1 million 5 14 6
Median Price For Sale $2,320,000 $649,000 $929,500
YTD Sales 2020 169 163 56
YTD Sales 2019 117 117 44
New Listings 19
In Escrow 16
Closed Escrow 24
Range in Escrow $450,000 - $2,995,000
*These statistics are based on information from the Incline Village Board of REALTORS® or its Multiple Listing Service as of September 20, 2020